Joint Venture24 Oct 2025, 10:51 pm
HUDCO Signs MoU with Jawaharlal Nehru Port Authority for Infrastructure Development
AI Summary
Housing and Urban Development Corporation Limited (HUDCO) has signed a Memorandum of Understanding (MoU) with Jawaharlal Nehru Port Authority (JNPA) on 24th October, 2025. The purpose of this non-binding MoU is to establish and initiate cooperation for exploring collaboration in existing and upcoming infrastructure development and financing & refinancing of port infrastructure projects at JN port for an estimated amount of Rs.5,000 Crore. The MoU was signed by Shri Sanjay Kulshrestha, CMD, HUDCO and Shri Unmesh Sharad Wagh, Chairman, JNPA.
Key Highlights
- HUDCO and JNPA sign a Memorandum of Understanding for infrastructure development and financing.
- The collaboration aims to explore opportunities in existing and upcoming infrastructure projects at JN port.
- The estimated amount for the projects is Rs.5,000 Crore.
- The MoU was signed by Shri Sanjay Kulshrestha, CMD, HUDCO and Shri Unmesh Sharad Wagh, Chairman, JNPA.
- The MoU is non-binding in nature.